Dick Morris on the failure of Obamanomics

Despite the propaganda from the White House and the white-washing of the severity of the current recession by the state-run Obama Media, the latest economic numbers paint a clear picture of failure on the part of Barack Obama and his advisers.

Most Americans are worse off today than they were five months ago when Barack Obama moved into the White House. Obama has managed to make the economic crisis worse. So much for that "hope and change" so many American voters fell for in November.

From a new column by Dick Morris and Eileen McGann:

The stimulus package was a total and complete failure. As predicted, as happened with Bush's 2008 tax cut, as happened with the Japanese stimulus packages of the '90s, fearful consumers sat on their money and wouldn't spend it. Keynesian economics didn't work. Again.

But the debt sure piled up. The deficit quadrupled and is sending interest rates soaring, as the government elbows aside businesses and consumers at the loan window, all in a desperate effort to borrow enough money to spend enough money to stimulate the economy, which isn't happening.

Read the full column at Townhall.com